NRGI was instrumental in the passage of a Ukraine law that mandates the disclosure of extractive payments at the project level, the disclosure of the ultimate beneficial owners of companies, and the disclosure of “material” elements of contracts relating to the extractive industry.
In September 2018, Ukraine passed milestone legislation setting out principles for the collection, disclosure and dissemination of extractive industry data.
The law mandates project-level payments and beneficial ownership data disclosure. It also mandates the release of “material” elements of extractive industry-related contracts. The law was bolstered by a government-approved reform action plan, incorporating measures proposed by a Ukrainian civil society organization with NRGI support. DiXi Group contributed to data on Ukraine in the Resource Governance Index, and the organization’s experience informed an important public debate in the parliament’s energy committee.
This is the beginning of an era of transparency and accountability in Ukraine. NRGI will continue to provide assistance so that the laws and roadmap are implemented.